Leighton Holdings Ltd (ASX:LEI) has been awarded a $220 million building project in Dubai.
The group made the announcement on behalf of their Middle Eastern based subsidiary, Al Habtoor Leighton Group, for the project at the Dubai International Financial Centre.
The development comprises of three towers and is due for completion by the end of next year.
Al Habtoor Leighton Group CEO and Managing Director Laurie Voyer says despite the adjustment to the Dubai building market the city remains part of the groups growth plans as it continues to pursue more projects across the Middle East.
In August Leighton subsidiaries were awarded a $409 million rail contract in Hong Kong, an $825 million contract for the Hunter Expressways project in New South Wales, and a $1 billion contract for the Macarthur Wind Farm development.
Leighton Holdings reported a profit of $440 million for the year to 30 June 2009.
LEI Price at posting:
$30.40 Sentiment: None Disclosure: Held